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www.lasvegasmtg.com Report: FHA Loans will be costing more starting April 18, 2011 - 02/21/11 04:16 PM
www.lasvegasmtg.com Report: FHA Loans will be costing more starting April 18, 2011
by John Le Francois
www.lasvegasmtg.com Report: FHA Loans will be costing more starting April 18, 2011 in Las Vegas, Nevada. FHA Mortgagee Letter 2011-10 dated February 14, 2011 details the new Annual Premium for Mortgage Insurance. Effective with all new FHA case numbers issued after April 18, 2011 the Annual Premium will go up based on the following criteria.
The purpose of the new changes is based on the legislative mandate 202 of the National Housing Act to make FHA financially sound and to insure the FHA loan … (0 comments)
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www.lasvegasmtg.com Report: Life after Bankruptcy, Foreclosure, or Short Sale in Las Vegas - 02/20/11 06:24 PM
www.lasvegasmtg.com Report: Life after Bankruptcy, Foreclosure, or Short Sale in Las Vegas.
By John Le Francois
www.lasvegasmtg.comReport: In May 21, 2010 I reported about the new rules were being implemented by Fannie Mae that created large barriers for borrowers that recently had a Bankruptcy, Short Sale or Foreclosures from getting a home loan.
With Las Vegas, Nevada being #1 in Foreclosures and Short Sales for several years and #14 for unemployment for Metropolitan Areas in the country it was no wonder that Bankruptcy filings are almost double of the national average. In 2010 Las Vegas, Nevada had 15,000 Bankruptcy fillings per 1 million residents while the national average was … (2 comments)
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www.lasvegasmtg.com Report: Las Vegas Portfolio Lending for High-Rise Condo Financing - 02/19/11 02:36 PM
www.lasvegasmtg.com Report: Las Vegas Portfolio Lending for High-Rise Condo Financing
By John Le Francois
www.lasvegasmtg.com Report: Las Vegas Portfolio Lending for High-Rise Condo Financing is now available for High-Rise Condos and Condo/tels at All Western Mortgage in Las Vegas, NV.
A Portfolio Lender is a lender that Underwrites their own loans based on the lenders guidelines and not Fannie Mae guidelines or overlays. A Portfolio Lender then will service the loan and will not sell on the secondary market that is so common in toady's market.
The Portfolio Lenders have created Niche Markets that service clients that big banks cannot market too.
One of … (2 comments)
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www.lasvegasmtg.com Report: Las Vegas Highrise Condo Financing now available - 02/06/11 05:45 PM
www.lasvegasmtg.com Report: Las Vegas High-rise Condo Financing now available
By John Le Francois
www.lasvegasmtg.com Report: Las Vegas High-rise Condo Financing now available. Everyone that has been in Real Estate for any length of time knows that trying to get financing for a Condo in Las Vegas, NV. is next to impossible. Getting a High-Rise Condo would take an act of Congress and would be inclined to be a futile effort.
At All Western Mortgage we now have several new programs that are available to clients to buy owner occupied and 2nd home Condos and High-Rise units.
Fannie Mae owned Condo and High Rise Condo properties that are … (2 comments)
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John Le Francois NMLS #333903
Las Vegas,
NV
More about me…
All Western Mortgage Broker # 14210
Address: 8345 W. Sunset Rd., Suite 380, Las Vegas, NV, 89113
Office Phone: (702) 369-0905 x 648
Cell Phone: (702) 271-2659
Email Me
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